At Platosa, we have the benefit of high grade silver, lead and zinc production with 50 percent of our revenues from base metals. As a result, we have some protection against weaker silver prices and volatile fluctuations. We still strongly believe in silver’s potential, as a vitally important metal and as one of the most reflective and conductive materials with multiple uses that permeate every new technology. We are living in the future and as we make more advancement, we must go back to the source to build our dreams. Our main objective is to continue to unlock exploration potential, and secure future supply.
The Ministry of Economy has implemented several actions to ease doing business in Mexico. It has reduced regulations to facilitate investment in sectors where FDI was previously restricted, such as telecommunications and energy. It has increased accessibility and transparency of the Public Registry of Commerce and Property. With Congress’ support, it has created a new corporate figure called Simplified Joint Stock Company, which allows an individual to open a business online, at no cost, and at any time when its annual income remains below MX$5 million. Finally, it has encouraged the use of electronic platforms to ease processes concerning FDI registry, allowing access to the required national standardization procedures and applicable standards or technical regulations.